Intraday Equity Tips and Market News

Equity tips:- Five IndiGo 's Airbus 320 (neo or new engine options) aircraft are grounded in Delhi due to want of spares, which the airline says will be back in service by the second half of August, as per media reports. PNB invites bids for sale of stake in PNB Housing Finance . JSW Steel  completes 100% acquisition of Aferpi and 69.27% acquisition in Piobino Logistics. Board approves raising up to Rs10,000cr via debt issue. Infosys arm to provide core banking solution to Myanmar based Farmers Development Bank. Hindustan Copper board meeting of the company has been convened at short notice on July 26 to review the status of QIP. Sanofi India board declared an interim dividend of Rs18 per share for the financial year ending December 2018. Dish TV says World Crest Advisors LLP along the PAC's has successfully completed the open offer process for acquisition of the equity shares of the company. Sumeet Industries board has fixed the recor...

Equity tips:- Equity benchmark indices were trading higher led by Asian Paints, ICICI Bank, HDFC, Infosys and L&T. At 9:59 AM, the BSE Sensex was trading at 35,312, up 66 points, while the Nifty50 index was trading at 10,742, up 26 points. Shares of Bharti Airtel and Idea Cellular fell after Reliance Jio launched post-paid plan with monthly rental of Rs199, and an ISD calling service at a starting price of 50 paise per minute. Shares of Fortis fell over 2% after its board said it will recommend the offer proposed by the Munjal and the Burman family offices for the healthcare chain’s hospital and diagnostics businesses. Shares of PC Jeweller gained 4.5% after the board approved buyback of 1.21cr paid-up equity shares. Board has approved buyback at Rs350 per share amounting to Rs424cr. The above shares comprise of 3.07% of the total paid-up equity capital of the Company. On the other hand, the stock of Asian Paints was the lead gainers on BSE Se...

Equity tips:- Equity indices made a positive start to the session, mirroring the trend in global markets, and led by gains in shares of metal, financial services and information technology companies.   At 10:05 AM, the BSE Sensex was trading at 34,397, up 251 points, while the Nifty50 was ruling at 10,576, up 75 points.   In the broader market, the BSE Midcap and the BSE Smallcap indices rose 0.70% and 0.49%, respectively.   However, weakness in banking stocks, especially those of public sector banks, due to the Rs11,400cr fraud at Punjab National Bank, kept the overall gains limited.   Shares of PNB fell over 5% and dragged the Nifty PSU Bank index 0.3% lower. Axis Bank's stock was down 1% after media reports said the lender has significant exposure to the scam at PNB.   Shares of Gitanjali Gems slumped over 10.5% as the company has been under the scanner in the PNB scam.   Metal companies were among the top gainers, with the Nift...

Equity tips:- Domestic indices started the session on a positive note on Monday, with shares of Tata Steel leading the charge.   At 10:31 AM, the BSE Sensex was trading at 34,217, up 211 points, while the Nifty50 index was trading at 10,515, up 60 points.   Shares of State Bank of India, which fell over 2.5%, were the worst hit on the Nifty50 after the bank reported a standalone net loss of Rs2,416.4cr for the quarter against a profit of Rs2,610cr reported in the corresponding quarter last year. There was GNPA divergence and NNPA divergence of Rs23,239cr and Rs17,518cr, respectively during the quarter. The provision divergence came at Rs5,721cr.   Shares of Tata Steel, Mahindra & Mahindra and Oil and Natural Gas Corp rose 2-5% as investors cheered their Oct-Dec earnings.   Shares of metal, pharmaceutical and automobile companies were among the top gainers in early session, while those of banks were the weakest.   On the economy fron...

Equity tips:- In yesterday's trade, markets remained under the selling pressure as risk-averse traders begin to reduce their open positions ahead of Union Budget. Broader markets underperformed the benchmark index as heavy short positions were created in selected Mid-cap and Small-cap stocks. Following is the list of stocks that could see a short-term hiccup on account of the creation of fresh short positions in yesterday's trade. OI Gainers Underline OI (lakhs) % OI Chg Price % Price Chg Action HAVELLS 61 52.0 524 (5.7) Short Buildup M&MFIN 76 17.8 464 (2.3) Short Buildup ARVIND 67 15.8 414 (3.2) Short Buildup ESCORTS 30 15.7 817 (2.5) Short Buildup KAJARIACER 15 13.3 635 (6.2) Short Buildup Price and Open Interest general rule: PRICE OPEN INTEREST MARKET OUTLOOK Decrease Increase Short build up We provide free profit calls for EQUITY,Forex & COMMODITY tips.If you want more ...

Equity tips:- The board of directors of Bharat Electronics Ltd (BEL), in their meeting held on January 30, 2018, approved the proposal to buy-back the equity shares of the company. The buy-back would be of ~2.04cr equity shares (representing 0.83% of total equity shares) at a price of Rs182.50 per share (~7% premium to the last closing price) payable in cash.   The buy-back size amounts to Rs372.26cr, representing 5% of the aggregate of the fully paid-up equity share capital and free reserves of the company.    The promoter of the company also intends to participate in the proposed buyback. The buyback is subject to approval from the shareholders and all other applicable statutes. The board has fixed February 9, 2018 as the record date for the buy-back.   The board of directors also declared an interim dividend of Rs1.6 per equity share for the FY18.   The stock closed at a price of Rs177.25, up by 0.91% or Rs1.6, on January 30, 20...

Equity tips:- SGX Nifty   indicating a marginally negative opening for the Indian markets. Markets are expected to be volatile ahead of the Union budget 2018 on Thursday and the Federal Reserve’s monetary announcement scheduled for tomorrow. Bharat Electronics, Bharat Financial, Engineers India, Godrej Consumer, IOC, Jain Irrigation and TVS are some of the major companies set to announce their Q3 results today. Global markets Major Asian markets are trading in the red, at present Nikkei is down 0.62%, Hang Seng is down 0.15%, while Shanghai Composite is trading  0.38% lower. US Markets: The major averages witnessed a pullback in yesterday’s session after closing at record highs on Friday. The Dow slid 0.7% to 26,439.48, the Nasdaq fell 0.5% to 7,466.52 and the S&P 500 dropped 0.7% to 2,852.53. Profit taking contributed to the weakness on Wall Street, ahead of the Federal Reserve’s monetary policy announcement on Wednesday and t...